Having the ability to "force equity" yourself through improvements helps you cycle through capital more quickly.

While these advisory services are required as part of the day to day, self performing those and diverting that as income is not going to be significant enough to help cover living expenses early on unless you are jumping into large projects.

Good luck and I hope this helps! 

I have the same goals as well and would be awesome to see if theres any way either of us can help each other with our investing goals!

A CPA familiar with local STR regulations can definitely help make sure you’re set up correctly!

I'm a General Contractor and may be able to help.

If you will be financing this purchase, I recommend starting with a prequalification as they will really help you focus on what markets will serve your budget best.

@Johnny McKeonI'm not a CPA but my experience says, yes, you probably can.To avoid confusion it is helpful to separate out the concepts.REPS - Roughly, the requirements are minimum 750 hours active in real estate and those hours must exceed any hours in a non-real estate job.  

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

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